Shipping Corporation of India's Q2 FY 2025-26 Quarterly Results

Result Summary

• Shipping Corporation of India Ltd reported a 1.8% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 3.7%.
• Its expenses for the quarter were up by 11.6% QoQ and 3.4% YoY.
• The net profit decreased 46.6% QoQ and decreased 35.1% YoY.
• The earnings per share (EPS) of Shipping Corporation of India Ltd stood at 4.06 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Shipping Corporation of India Ltd is a prominent player in the shipping industry, primarily engaged in providing maritime transportation services. It operates a range of shipping vessels that transport goods including oil, gas, and dry bulk cargo across international waters. As a government-owned entity, its operations are critical in facilitating trade and commerce. The company is strategically important for India's logistical and trade infrastructure. Despite facing challenges in the global shipping industry, such as fluctuating fuel prices and regulatory changes, Shipping Corporation of India Ltd continues to play a vital role in the maritime sector.

Revenue

For the quarter ending Q2FY26, Shipping Corporation of India Ltd reported a total income of ₹1436.14 crores. This represents a decrease of 1.8% compared to the previous quarter (Q1FY26) when the total income was ₹1462.39 crores. On a year-over-year basis, the total income declined by 3.7% from ₹1491.23 crores in Q2FY25. These figures reflect a downward trend in revenue generation over both the quarterly and annual periods.

Profitability

In Q2FY26, Shipping Corporation of India Ltd recorded a Profit Before Tax (PBT) of ₹200.63 crores, marking a significant decrease of 43.5% from the previous quarter's PBT of ₹355.17 crores. Compared to the same quarter the previous year (Q2FY25), the PBT decreased by 32.2% from ₹296.12 crores. The company's Profit After Tax (PAT) for Q2FY26 was ₹189.16 crores, which is 46.6% lower than Q1FY26's PAT of ₹354.17 crores and 35.1% lower than Q2FY25's PAT of ₹291.44 crores. Earnings Per Share (EPS) followed a similar pattern, decreasing to ₹4.06 in Q2FY26 from ₹7.60 in Q1FY26 and ₹6.26 in Q2FY25.

Operating Metrics

Total expenses for Shipping Corporation of India Ltd increased by 11.6% in Q2FY26, amounting to ₹1235.51 crores compared to ₹1107.22 crores in Q1FY26. Year-over-year, expenses rose by 3.4% from ₹1195.11 crores in Q2FY25. The tax expense for Q2FY26 was ₹24.85 crores, which is a substantial increase of 105.4% from ₹12.10 crores in Q1FY26 and 256.0% higher than ₹6.98 crores in Q2FY25. These operational metrics highlight changes in the company's expenditure and tax obligations over the periods.